$64,500 Car Loan

What's the monthly payment on a $64,500 car?
$
$
%
Monthly payment = $1,171
Total yearly payments = $14,050
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,119
3.0% $1,142
4.0% $1,165
5.0% $1,188
6.0% $1,212
7.0% $1,236
8.0% $1,260
9.0% $1,284
10.0% $1,309
Payments by Amount Down
Down Monthly Payment
$0 $1,464
$2,000 $1,418
$5,000 $1,350
$8,000 $1,282
$10,000 $1,237
$15,000 $1,123
Payments by Loan Length
Length Payment
24 months $2,246
36 months $1,529
48 months $1,171
60 months $956
72 months $813
84 months $711

Can I afford a $64,500 car?

Is your salary enough to buy a $64,500 vehicle? A general rule of thumb for buying a car or truck is the 20 / 4 / 10 rule.

  • Make a down payment of at least 20% cash. For a $64,500 vehicle, this would mean saving up $12,900.
  • Pay back the loan in 4 years or less.
  • Don't spend more than 10% of your income on payments and insurance. Rough estimate: your annual income should be at least 2.5 times the purchase price. So to afford a car that costs $64,500, you would need to make at least $161,250 per year.